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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (255588)6/25/2008 10:07:42 AM
From: DMaA   of 794001
 
He'd apply FICA taxes to all income, not just that under $100,000 as at present.

The problem with SS is that it collects TOO MUCH MONEY. It just encourages congress to overspend.

Here's my solution - Every five years the SS administrators prepare an estimate of how much money they will need for the next period. They should be able to come pretty close. Take the excess accumulated in the first 2 1/2 years and invest it with the FEDERAL RESERVE BANK, not the treasury.

If Americans when faced with the bill think it is too much to bear, they can elect representatives who can pare down the benefit.
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